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Institutional Investment Manager
TFS CAPITAL LLC
TFS CAPITAL LLC (CIK: 0001427379) incorporated in Virginia, located at 10 N. High Street, West Chester, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 731 holdings with a total value of $928,626,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 EMERGENT BIOSOLUTIONS INC COM 196,322 7,855,000 0.85%
2 TOWER INTL INC COM 248,557 7,101,000 0.76%
3 ORTHOFIX INTERNATIONAL NV 178,252 6,989,000 0.75%
4 YRC WORLDWIDE INC COM PAR $.01 452,188 6,412,000 0.69%
5 REGAL BELOIT CORP 106,585 6,237,000 0.67%
6 SCORPIO TANKERS INC SHS 771,449 6,187,000 0.67%
7 XENCOR INC COM 420,977 6,155,000 0.66%
8 COMMERCIAL METALS CO COM 447,869 6,131,000 0.66%
9 INTRALINKS HLDGS INC 670,299 6,080,000 0.65%
10 APPLIED GENETIC TECHNOL CORP 292,636 5,970,000 0.64%
11 ALLIED MOTION TECHNOLOGIES I 227,306 5,951,000 0.64%
12 ATRION CORP COM 15,594 5,944,000 0.64%
13 CEPHEID 162,409 5,933,000 0.64%
14 BENCHMARK ELECTRS INC COM 282,767 5,845,000 0.63%
15 DIME CMNTY BANCSHARES INC COM 333,914 5,840,000 0.63%
16 PDL BIOPHARMA INCORPORATED 1,649,083 5,838,000 0.63%
17 SUPERVALU Inc 847,129 5,744,000 0.62%
18 UPBOUND GROUP INC COM 381,410 5,710,000 0.61%
19 OXFORD INDS INC COM 87,094 5,558,000 0.60%
20 PRESTIGE BRANDS HLDGS INC 107,822 5,551,000 0.60%
21 FREIGHTCAR AMERICA INC 283,709 5,512,000 0.59%
22 PERRY ELLIS INTL INC 296,765 5,466,000 0.59%
23 EARTHLINK HOLDINGS 734,900 5,460,000 0.59%
24 ACCELERON PHARMA 110,801 5,403,000 0.58%
25 MAGELLAN HEALTH INC COM NEW 87,336 5,385,000 0.58%
26 DEPOMED INC 296,951 5,384,000 0.58%
27 DELEK US HLDGS INC COM 215,000 5,289,000 0.57%
28 DANA INC 383,059 5,286,000 0.57%
29 NORTHSTAR ASSET MGMT GROUP INCORPORATED 423,354 5,140,000 0.55%
30 SPX CORP COM 550,048 5,132,000 0.55%
31 PHIBRO ANIMAL HEALTH CORP CL A COM 170,283 5,131,000 0.55%
32 GENERAL CABLE CORP-DEL NEW 375,704 5,046,000 0.54%
33 KOPPERS HOLDINGS INC COM 271,218 4,950,000 0.53%
34 MRC GLOBAL INC 380,607 4,910,000 0.53%
35 ORASURE TECHNOLOGIES INC 753,069 4,850,000 0.52%
36 ZOGENIX INC 327,483 4,827,000 0.52%
37 SPARTANNASH CO COM 215,094 4,655,000 0.50%
38 CAESARS ENTMT CORP 571,654 4,510,000 0.49%
39 Heska Corp 115,976 4,486,000 0.48%
40 WEBSITE PROS INC COM 223,448 4,471,000 0.48%
41 STEPAN CO COM 88,313 4,388,000 0.47%
42 Cynosure Inc 94,235 4,209,000 0.45%
43 BEL FUSE INC CL B 242,346 4,190,000 0.45%
44 INC Research Holdings Inc 85,564 4,151,000 0.45%
45 CHEMICAL FINANCIAL CORPORATION 118,097 4,047,000 0.44%
46 AXCELIS TECHNOLOGIES INC 1,533,244 3,971,000 0.43%
47 CARROLS RESTAURANT GROUP INC 331,812 3,895,000 0.42%
48 NETGEAR INC COM 90,573 3,796,000 0.41%
49 RIGEL PHARMACEUTICAL INC 1,251,289 3,791,000 0.41%
50 AEGERION PHARMACEUTICALS INC 374,591 3,783,000 0.41%
Page 1 of 15

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001111830-16-001094, filed 2016.01.29).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.